Royal Caribbean Cruises Ltd. (NYSE:RCL) Given Consensus Rating of “Moderate Buy” by Analysts

Royal Caribbean Cruises Ltd. (NYSE:RCL) has been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $243.25.

A number of brokerages recently weighed in on RCL. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Macquarie raised their target price on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Stifel Nicolaus lifted their price target on Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Truist Financial upped their target price on Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, The Goldman Sachs Group upped their target price on shares of Royal Caribbean Cruises from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th.

Royal Caribbean Cruises Trading Up 1.2 %

Shares of NYSE RCL opened at $232.51 on Thursday. The business’s 50 day moving average is $236.64 and its two-hundred day moving average is $194.55. The stock has a market capitalization of $62.52 billion, a P/E ratio of 23.90, a PEG ratio of 0.48 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises has a 1-year low of $113.10 and a 1-year high of $258.70.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the business posted $3.85 EPS. As a group, research analysts expect that Royal Caribbean Cruises will post 11.65 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, December 27th. Royal Caribbean Cruises’s payout ratio is currently 22.61%.

Insiders Place Their Bets

In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now directly owns 18,167,507 shares of the company’s stock, valued at $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the sale, the executive vice president now owns 22,348 shares in the company, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 404,332 shares of company stock worth $94,299,521. 7.95% of the stock is owned by corporate insiders.

Institutional Trading of Royal Caribbean Cruises

A number of hedge funds have recently bought and sold shares of RCL. D1 Capital Partners L.P. grew its stake in shares of Royal Caribbean Cruises by 105.7% during the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock valued at $241,075,000 after buying an additional 777,103 shares during the period. International Assets Investment Management LLC raised its position in shares of Royal Caribbean Cruises by 10,599.0% during the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after acquiring an additional 406,048 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Royal Caribbean Cruises by 24.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock worth $326,616,000 after buying an additional 400,565 shares during the last quarter. Forest Avenue Capital Management LP acquired a new position in Royal Caribbean Cruises during the 2nd quarter valued at approximately $35,038,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Royal Caribbean Cruises by 809.6% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 173,124 shares of the company’s stock valued at $27,601,000 after purchasing an additional 154,090 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.